Surat, Gujarat | May 27, 2025 — In a strong debut on the Indian stock markets, Borana Weaves Limited, a Surat-based textile producer, marked its public market entry with an Initial Public Offering (IPO) that raised ₹144.89 crore. The offering received an enthusiastic response from investors and concluded with the company’s shares listing on the BSE and NSE on May 27, 2025.




🔍 IPO Summary
The public offering was open for subscription from May 20 to May 22 and comprised solely a new issue of 67.08 lakh equity shares, each offered at a price of ₹216 within the designated price range. Conducted through the book-building method, the proceeds from the issue are intended to boost the company’s working capital and general corporate requirements.
Issue Size: ₹144.89 crore


Equity Shares Issued: 67,08,000


Price per Share: ₹216


Lot Size (Retail): 69 shares


Minimum Retail Investment: ₹14,145


Suggested Cutoff Bid: ₹14,904


sNII Investment (14 lots): ₹2,08,656


bNII Investment (68 lots): ₹10,13,472



📈 Listing Day Performance
Borana Weaves opened at ₹243 per share, well above its issue price, and quickly surged to an intraday high of ₹255.15, reflecting an impressive 18.13% premium. The stock remained active throughout the day, with a traded volume exceeding 20 lakh shares.
Metric
Value
Opening Price
₹243.00
Day High/Low
₹255.15 / ₹243.00
Previous Close
₹216.00
Volume Traded
20,04,551
52-Week Range
₹243.00 – ₹255.15 (same day)









📅 Important Timeline
IPO Bidding Period: May 20–22, 2025


Share Allotment Finalized: May 23, 2025


Stock Listing Date: May 27, 2025


Face Value per Share: ₹10



📊 Investor Allocation Overview
The 67.08 lakh shares were distributed among various investor categories:
Category
Shares Allotted
Allocation (%)
Anchor Investors
30,18,543
45.00%
Qualified Institutional Buyers (QIB)
20,12,457
30.00%
Non-Institutional Investors (NII)
10,06,200
15.00%
- bNII
6,70,800
—
- sNII
3,35,400
—
Retail Individual Investors (RII)
6,70,800
10.00%


🏭 Company Profile: Borana Weaves Limited
Established in 2020, Borana Weaves Limited has its headquarters in Surat, a city widely recognized as a leading hub for India’s textile manufacturing industry. The company specializes in producing unbleached synthetic grey fabric, which serves as a base material for further applications in fashion, home furnishings, technical textiles, and ethnic garments.
Additionally, Borana Weaves manufactures polyester textured yarn (PTY), which is derived by processing polyester oriented yarn (POY)—a crucial input for textile weaving.
The company operates three fully-equipped manufacturing facilities in Surat, each furnished with modern, high-tech machinery such as:
15 texturizing machines


6 warping units


700 water jet looms


10 folding machines


These facilities empower the company to serve a wide array of B2B clients across India.

✅ Strengths at a Glance
Improved Cash Flow Efficiency:
Borana Weaves has notably reduced its debtor days from 33.7 to 20.2, reflecting quicker receivables and healthier working capital management.


Robust Manufacturing Capabilities:
A technologically equipped production base supports scalability and diverse customer demands.



⚠️ Investor Considerations
While the company’s financials appear promising, analysts caution that interest expenses may be capitalized—a practice that should be closely monitored for long-term financial health and earnings transparency.

🧾 Conclusion
Borana Weaves Limited has made a resounding debut on India’s capital markets, bolstered by investor confidence and operational credibility. With a focus on scalable production and presence in one of India’s core textile regions, the company is poised for expansion. For investors seeking exposure in the textiles sector, particularly with a play on industrial fabric inputs, Borana Weaves offers a compelling opportunity for portfolio diversification.